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Largest Telecom Service Providers Public Companies in Singapore
Benchmark revenue and EBITDA valuation multiples for public comps like
Singtel, NetLink NBN, StarHub and Asian Pay Television.
 | Singapore Telecommunications is Singapore's leading telecoms company. It owns extensive wired and wireless networks offering data and voice services to a broad customer base. Singtel's diverse investment portfolio spreads across the region. The firm wholly owns Optus in Australia and minority equity stakes in Airtel (28%) in India; Telkomsel (35%) in Indonesia; Globe Telecom (47%) in the Philippines; and Advanced Information Services (23%) and Intouch (21%) in Thailand. Singtel is majority-owned by the Singapore government. | $3 | +13% | $56B | $62B | 5.6x | 8.9x | ||
| NetLink NBN Trust is a national provider of internet service. It designs, builds, owns, and operates network infrastructure comprising ducts, manholes, and fiber cables. Its non-building address point (NBAP) applications include infrastructure for telecommunications operators such as wireless network base stations, cameras, sensors, signage, and outdoor kiosks. The company generates the majority of its revenue from Installation-related revenue and Ancillary project revenue. The company operates in Singapore, the USA, the UK, and the rest of the World. | $1 | +12% | $3B | $4B | 11.1x | 16.1x | ||
| StarHub is one of three main telecommunications providers in Singapore offering products covering mobile, broadband, fixed voice, and pay television. StarHub operates a mobile network. The company's fixed network spans domestic and international backhaul. It used to reach residential premises with a hybrid fiber-coaxial network, which has now been replaced with the shared National Broadband Network. The Singapore government retains an indirect 57% stake through Temasek Holdings, while NTT Communications also holds a strategic 10% stake. | $1 | -10% | $1B | $2B | 1.1x | 6.7x | ||
| Asian Pay Television Trust is an investment trust with a mandate to acquire controlling interests and to own, operate, and maintain mature Pay-TV and Broadband Businesses in Taiwan, Hong Kong, Japan, and Singapore. The trust's main asset is the Taiwan Broadband Communications Group. Taiwan Broadband Communications Group derives revenue from providing cable TV and broadband services. Within cable TV, revenue is generated from monthly subscription services as well as from advertising sales, leasing of television channels to third parties, and the installation of set-top boxes. Sales within broadband services are from monthly payments and installations. | $0 | 0% | $121M | $905M | 4.7x | 10.4x | ||
| Median | $1 | +6% | $2B | $3B | 5.1x | 9.7x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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